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9 December 1991 Income Tax Severed Letter 913233A F- Rents from Movable Property Unedited CRA Tags Treaty Norway Article 6, Treaty Norway Article 11   913233 Rents from Movable Property Canada-Norway Income Tax Convention (the "Convention") This will follow up a telephone conversation with Mr. ... Generally, all amounts received by a resident of Norway from a resident of Canada would be included in the profits of the enterprise of the Norwegian resident for the purposes of Article 6 (Business Profits) of the Convention unless such amounts are carved out by another article of the Convention.  Since the definition of royalties in Article 11 (Royalties) of the Convention does not include bareboat rents paid or credited by a resident of Canada to a resident of Norway such amounts will fall within Article 6 (Business Profits) of the Convention and will be exempt from tax in Canada unless the Norwegian resident carries on business in Canada through a permanent establishment. ...

En somme, en vertu du paragraphe 248(1) L.I.R., tant une action visée par une convention en vertu de laquelle elle doit être acquise dans les 60 jours suivant la conclusion de la convention qu’une action visée par une convention d’achat qui ne contient pas cette condition peut se qualifier d’API ou d’APCT. Dans le cas où la convention prévoit l’acquisition de l’action dans les 60 jours suivant la conclusion de la convention, le sous-alinéa 248(1)f)(i) L.I.R. et la division 248(1)a)(i)(A) L.I.R. indiquent que, pour déterminer si l’action est une API ou une APCT, il ne sera pas tenu compte d’une telle convention si le montant fixé pour l’acquérir ne dépasse pas le plus élevé de sa JVM au moment de la conclusion de la convention ou au moment de son acquisition. Dans le cas où la convention ne prévoit pas l’acquisition de l’action dans les 60 jours suivant la conclusion de la convention, le sous-alinéa 248(1)f)(ii) L.I.R. et la division 248(1)a)(i)(B) L.I.R. indiquent qu’il ne sera pas tenu compte d’une telle convention si le montant fixé pour l’acquérir ne dépasse pas sa juste valeur marchande au moment de son acquisition. ...

Position Adoptée: (1) Non. (2) L'expression "convention d'achat-vente" doit être interprétée à la lumière de son sens ordinaire. ... Questions: a) L'ARC considère-t-elle qu'une convention prévoyant que des actions d'une société pourraient être émises à une personne non-résidente dans certaines circonstances et sur décision de cette personne constitue une "convention d'achat-vente" pour les fins de l'alinéa 110.6(14) b) L.I.R.? ... Quoique la forme et la teneur d'une convention d'achat-vente peut varier selon les circonstances, l'ARC a indiqué dans l'interprétation 2002-0156745 qu'une telle convention d'achat-vente est généralement défini comme étant un contrat bilatéral qui prévoit habituellement la vente par une personne et l'acquisition par une autre personne de biens qui font l'objet de la convention appartenant à la première personne. ...

The taxpayer is an individual who is a U.S. citizen and a resident of Canada for the purposes of the Canada-United States Income Tax Convention (the "Convention"). ... One of the limitations which is referred to in paragraph 3 of Article XXIX of the Convention is that the U.S. will honour its obligation under Article xxiv (Elimination of Double Taxation) of the Convention. ... The AMT which is creditable is that portion of the AMT attributable to U.S. source income resourced to Canada pursuant to the Convention. ...

Income Tax Convention (1980) (Convention) to provide guidelines as to what would constitute a "retirement plan" for purposes of paragraph 3 of Article XVIII of the Convention. ... Income Tax Convention (Convention). We are of the view that the term "periodic pension payment" in the Convention means a series of payments made for the purpose of providing the recipient with retirement income throughout his life or a greater part of his life. ... Tax Convention was added to clarify this matter for purposes of that Article. ...

Tim Kuss XXXXXXXXXX 970396 Attention: XXXXXXXXXX June 12, 1997 Dear Sirs: Re: Article 13 of Canada-Germany Income Tax Convention This is in reply to your letter dated February 4, 1997 requesting a technical interpretation regarding the application of Article 13 of the Canada-Germany Income Tax Convention (the "Convention") to the following situation: Canco is a Canadian corporation resident in Canada under the Convention. All the issued shares of Canco (the "Canco shares") are beneficially owned by persons resident in Germany under the Convention (the "non-resident shareholders") each having a "substantial interest", within the meaning of paragraph 4 of Article 13 of the Convention, in the capital stock of Canco. ... Based on the above situation you have requested our opinion whether a gain on the disposition of the Canco shares by the non-resident shareholders would be exempt from tax in Canada by virtue of Article 13 of the Convention. ...

Position Adoptée: Non Raisons POUR POSITION ADOPTÉE: Un mécanisme existant est réputé ne pas être une convention de retraite en vertu de la règle transitoire. ... Un mécanisme existant est réputé selon la règle transitoire ne pas être une convention de retraite. Puisqu'un mécanisme existant est réputé ne pas être une convention de retraite, les revenus accumulés attribuables aux cotisations versées par l'employeur avant la date de la création du mécanisme légal (tel que prévu par la règle transitoire) ne sont pas habituellement assujettis aux règles d'imposition applicables aux conventions de retraite. ...

Yuen April 3, 2001 Dear XXXXXXXXXX: Re: Canada-Kyrgyz Tax Agreement (the "Convention") We are writing in response to your facsimile transmission to Brenda Vidal of the Saskatoon Tax Services Office dated December 15, 2000 wherein you requested a technical interpretation in respect of the Convention. ... In this regard, it is our position that paragraph (1)(a) of Article 23 of the Convention does not override subsection 126(4) because the application of that paragraph of the Convention is subject to the existing laws of Canada regarding the deduction from tax payable in Canada of tax paid in a territory outside Canada. 2. ... However, see above for the application of the Convention to employment income earned by Canadian residents in the Kyrgyz Republic in connection with the Contract. ...

Boychuk Attention: XXXXXXXXXX November 30, 1999 Dear Sirs: Re: Tax Convention Between Canada and Norway- Permanent Establishment We are writing in response to your letter of October 7, 1998 wherein you requested our views on whether a ship would constitute a "permanent establishment" within the meaning of the Canada- Norway Income Tax Convention (the "Convention") in the circumstances described below. 1. ... Nco is not resident in Canada for purposes of the Income Tax Act (the "Act") or the Convention. 3. ... You have asked whether we would consider that Nco has a permanent establishment in Canada for purposes of the Convention. ...

Income Tax Convention applies where the debt obligation has been assigned to a third party resident in the U.S.? ... Reasons: One of the reasons for the amendment to paragraph 3(d) of Article XI of the Convention in the Third Protocol was to allow for factoring of accounts receivable. ... Income Tax Convention (the "Convention") This is in reply to your letter of May 18, 2001, requesting our views regarding the above-mentioned provision of the Convention. ...